Ponzi Scam Actor Govinda will be questioned in Rs 1000 crore online ponzi scam

Odisha Economic Offenses Wing (EOW) on September 13 said they would question Govinda in connection with the investigation into the Rs 1,000 crore pan-India online ponzi scam. Solar Techno Alliance (STA-TOKEN), which has an online presence in multiple countries, was illegally running a pyramid-structured operation under the guise of a crypto investment scam, officials said.

Govinda will be interrogated in online ponzi scam!

Bollywood actor Govinda’s name has surfaced for questioning by EOW in the online ponzi scam. The actor had reportedly endorsed the company’s operations in some promotional videos. EOW inspector general J N Pankaj told TOI, “We will soon send a team to Mumbai to interrogate filmstar Govinda, who had attended STA’s grand function in Goa in July and promoted the company in some videos “

The veteran actor is neither a suspect nor an accused. His exact role will be known only after investigation. “If we find that his role was limited only to endorsing the product (STAToken brand) as per their business agreement, we will make him a witness in our case,” Pankaj said. The company collected Rs 30 crore from 10,000 people in Bhadrak, Keonjhar, Balasore, Mayurbhanj and Bhubaneswar.

According to reports, under the scam he collected lakhs of rupees from investors in Bihar, Uttar Pradesh, Punjab, Rajasthan, Haryana, Delhi, Jharkhand and other states. TOI also reported that the EOW has arrested the company’s country and Odisha heads Gurtej Singh Sidhu and Nirod Das, respectively, on August 7. Bhubaneswar-based investment advisor Ratnakar Palai was arrested on August 16 for his links with Sidhu. Lookout circulars were issued against the company’s head, Hungarian national David Geys.